Bitcoin price faces sub-$25K dip and correction warning from traders.
TL;DR Summary
Bitcoin (BTC) is hovering below $28,000 as traders await macroeconomic data releases, with some predicting a potential dip below $25,000. While some traders hope for volatility following the United States Consumer Price Index (CPI) print for April, others predict bearish moves, with Game of Trades suggesting a potential breakdown with an implied target near the $24,000 region. On-chain analytics platform CryptoQuant suggests realized price clusters around $25,600 as potential support.
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- Does Bitcoin price risk losing $28K with BTC futures premium at 2-month lows? Cointelegraph
- This Bitcoin Vs Dollar Comparison Says Crypto Winter Is Done | Bitcoinist.com Bitcoinist
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